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in the house of representatives. in less than an hour, california congresswoman nancy pelosi will announce whether or not she'll run for another term as house minority leader. dana bash joins us from capitol hill. any early word, dana? >> reporter: well, our diedre walsh just called and said it looks like she is staying in her job. speaking with her caucus right now as we speak to talk about her future. there has been so much speculation about whether she would go, because she has yet another term in front of her where she is minority leader or whether she would stay and try one more time to get that speaker's gavel back, get the majority back. di diedre walsh is hearing she is staying in her role as leader. i was just down there moments before coming up and talking to you, talking to many democrats. that is what they said that they hoped would happen. she certainly has a lot of loyalty in her caucus. she has led it over the past ten years. she became democratic leader in 2002, has led it for the past ten years with an iron fist. she has raised tens of millions of dollars to help democrats
senators harry reid and nancy pelosi have opposed that idea in the past. he says the president can get them to budge. >> yeah, the president essentially wants what he calls balance. either you increase revenue or you, you know, decrease the spending or you try to find some type of balance. when he gets into these democratic side, they don't want programs to be cut on the backs of, let's say, the recipients, middle class recipients. here's nancy pelosi and how she explains that. >> whatever adjustments would be made in social security should be there to strengthen social security, not to subsidize a tax cut for the wealthiest people in america and say that's how we balance the budget. the same thing with medicaid and medicare. again, we have said we support a grand bargain. >> grand bargain. so right now, i think you'd have to say the democrats feel that after the election, they have some type of mandate. the republicans obviously don't agree, but the democrats want to strike while the iron is hot. the president certainly wants to come to a deal as quickly as possible. time really is running
thing to put the guy at the very top to answer those questions. tell us about nancy pelosi and what her future holds. >> very interesting morning. if not for this scandal, that would really be all the talk, the buzz, leading up to today around the water cooler here on capitol hill. will she or won't she stay? she, of course, did decide she was going to stay for at least another two years as leader of the house democrats, and the image you see there on this screen, the imagery was kind of remarkable, suzanne. certainly we know and we have known that she has taken pride in the fact that she has -- is the highest ranking woman in history. she was the first female speaker of the house of representatives, but the imagery today of her surrounded by so many women, democratic women, obviously, in the house, currently serving newly elected women, really had not heard her hit that issue as hard as she did today, and, in fact, at one point when asked about why she wanted to stay, she sort of made a joke about the fact that if she didn't, that there would be four men around the table negotiating an
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